Company Valuation: Elm Company

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,763 63,323 86,632 58,127 47,767 - -
Change - 145.79% 36.81% -32.9% -17.82% - -
Enterprise Value (EV) 1 25,763 63,323 83,041 55,958 44,576 44,479 42,872
Change - 145.79% 31.14% -32.61% -20.34% -0.22% -3.61%
P/E 28.5x 48.1x 47.4x 27.8x 20.1x 17.9x 15.5x
PBR - 16.3x 16.9x 16.1x 7.08x 6.28x 4.96x
PEG - 1.1x 1.2x 2x 1.6x 1.4x 1x
Capitalization / Revenue 5.59x 10.7x 11.7x 6.14x 4.28x 3.77x 3.35x
EV / Revenue 5.59x 10.7x 11.2x 5.91x 3.99x 3.51x 3x
EV / EBITDA 22.8x 42.2x 43.7x 24.5x 16.2x 14.2x 12x
EV / EBIT 25.5x 46.9x 48.8x 27.6x 18.4x 15.9x 13.4x
EV / FCF 16.2x 43.2x 52x 24x 23.1x 19.6x 16.1x
FCF Yield 6.19% 2.31% 1.92% 4.17% 4.33% 5.11% 6.22%
Dividend per Share 2 3 4 7.5 8.5 10.34 12.43 14.44
Rate of return 0.9% 0.49% 0.67% 1.14% 1.71% 2.05% 2.38%
EPS 2 11.63 16.95 23.51 26.86 30.15 33.94 39.03
Distribution rate 25.8% 23.6% 31.9% 31.6% 34.3% 36.6% 37%
Net sales 1 4,606 5,898 7,407 9,465 11,173 12,687 14,279
EBITDA 1 1,129 1,500 1,899 2,284 2,745 3,135 3,559
EBIT 1 1,009 1,351 1,700 2,030 2,428 2,798 3,209
Net income 1 930 1,356 1,826 2,090 2,367 2,678 3,086
Net Debt 1 - - -3,591 -2,169 -3,192 -3,288 -4,895
Reference price 2 332.00 815.00 1,115.00 748.00 606.50 606.50 606.50
Nbr of stocks (in thousands) 77,600 77,697 77,697 77,710 77,860 - -
Announcement Date 3/12/23 3/10/24 2/27/25 3/8/26 - - -
1SAR in Million2SAR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.35x3.99x16.24x1.69% 12.72B
23.06x3.76x13.13x2.88% 221B
-131.77x18.43x100.28x-.--% 119B
13.87x1.53x8.03x3.46% 114B
14.91x2.73x10.29x5.51% 88.29B
20.51x5.38x13.21x2.78% 61.88B
14.81x2.16x9.15x5.26% 48.47B
21.96x1.8x11.18x1.33% 43.35B
21.25x1.61x10.31x0.89% 41.03B
17.85x2.28x10.7x4.89% 37.07B
Average 3.68x 4.36x 20.25x 2.87% 78.72B
Weighted average by Cap. -3.71x 5.28x 24.67x 2.85%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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